• About Us
  • Careers
  • Contact
No Result
View All Result
Wednesday, September 10, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Crypto

OKX Reports Record Growth in 2024, Sees 991% Surge in Wallet Users and 20-Fold Rise in DEX Trading Volume

5 January 2025
in Crypto, News
Reading Time: 3 mins read
113 1
Source: alamy.com

Source: alamy.com

According to crypto exchange OKX, 2024 was a year of transformative changes and record growth despite challenges. 

In its end-of-year report published on December 31, 2024, the crypto exchange revealed a 991% increase in the users of its wallet service, OKX Wallet, by December 2024, a 20-fold rise in daily trading volumes on its decentralized exchange (DEX), and a 122% year-over-year growth in its mobile app downloads.

CEO Star Xu described the year as “a turning point for the industry,” highlighting the platform’s focus on innovation and global expansion.

OKX introduced over 200 new features in 2024, including a simplified “simple mode” for intuitive trading and expanded cross-chain support for over 100 blockchains. Other features included a real-time DEX Data dashboard for developers and a DEX token search for retail investors and traders. 

On the global front, the crypto exchange launched its services in Belgium, offering residents access to spot trading and conversion for over 200 cryptocurrencies, including more than 60 euro-based pairs. Belgian users also enjoyed seamless euro deposits and withdrawals via Bancontact and SEPA transfers, along with easy onboarding through the ‘itsme’ digital ID app. The exchange also secured four major regulatory licenses in Singapore, the UAE, Turkey, Australia, and the European Economic Area.

Despite its achievements, OKX faced challenges regarding platform security and regulatory compliance during the course of the year. In June, a group of web3 enthusiasts raised questions regarding the platform’s ability to safeguard user accounts from unauthorized access after reports of SIM swap attacks and vulnerabilities. These issues led to $837 million in withdrawals within a week. These issues prompted scrutiny of OKX’s centralized model.

RELATED: OKX to Block Accounts Using Tornado Cash, CEO Claims Move Will Strengthen Compliance

In response, OKX claimed it bolstered its transparency with its Proof of Reserves tool, utilized by over 2 million users, and expanded its compliance team to nearly 500 specialists. 

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: OKX
Share66Tweet41Share12
Favour Okosodo

Favour Okosodo

Experienced web content writer with a strong command of SEO, specializing in creating concise, engaging content that drives traffic and enhances conversions across diverse industries.

Related Posts

source: abcnews.go.com
Bitcoin

GameStop Posts Narrower Loss in Q2 as Bitcoin Holdings Lift Balance Sheet

10 September 2025
source: coincentral.com
Business

Asset Entities Announce Merger, Boost Shares and Expand Bitcoin Treasury Holdings

10 September 2025
source: investopedia.com
Crypto

Cboe Launches Bitcoin and Ethereum Perpetual Futures

10 September 2025
source: theblock.co
Regulation

SEC Delays Decision on Grayscale’s Hedera Trust, Grayscale Updates Bitcoin Cash and Litecoin Filings

10 September 2025

Editors Picks

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

What Are DeFi Options Vaults, and How Do They Work?

What Are DeFi Options Vaults, and How Do They Work?

byOlajumoke Oyaleke
26 June 2025
0

What Are Teardrop Attacks in Crypto?

byOlajumoke Oyaleke
17 June 2025
0

What Are Fractional NFTs, and How Do They Work?

What Are Fractional NFTs, and How Do They Work?

byBlessing Lisafi
7 February 2024
0

Read More

Chain of Thoughts

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

Markets Update

Why the UK Needs a Stablecoin Strategy to Stay Globally Competitive

1 day ago

Do You Really Know Why Kanye West’s YZY Memecoin Fell from $3B to $1.05B?

1 day ago

Investor Reactions to Spain’s New DeFi Tax Ruling

1 day ago

Ethereum’s Run Toward $8,000 & the Rise of AI-Crypto Growth Plays

1 day ago

Crypto Wallet Users: How Google Play’s Latest Policy Update Affects You

2 days ago

Can the UAE Realistically Make Crypto Its Second-Biggest Sector?

2 days ago
Read More

Events

CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Origin Summit Unveils Second Wave of Global Icons Ahead of Debut During KBW

bychainwire
10 September 2025
0

Remi Tech Ushers in a New Era of Compliant Stablecoin Settlement — Empowering Traditional Finance and Compliant Web3 with Next-Gen Infrastructure

bychainwire
10 September 2025
0

Falcon Finance Announced $FF and Community Sale on Buidlpad

bychainwire
10 September 2025
0

Eightco Holdings Inc. Closes $270 Million Private Placement as First Worldcoin (WLD) Treasury Strategy

bychainwire
10 September 2025
0

House of Doge and Bitstamp by Robinhood Announce Strategic Partnership For NYSE:ZONE Treasury

bychainwire
9 September 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00